The largest Hong Kong promotion to take place in the United States will be held this summer to showcase Hong Kong’s advantages for American companies looking to tap new business opportunities in Asia, particularly on the Chinese mainland.
“Think Asia, Think Hong Kong” will feature symposiums in New York and Los Angeles, June 11 and 14, respectively. Speakers will include CY Leung, chief executive of the Hong Kong SAR Government, and more than 60 prominent senior executives from global companies. The event is organized by the Hong Kong Trade Development Council (HKTDC), with support from 14 Hong Kong partners and close to 100 US organizations.
U.S. exports to Hong Kong from 2010 to 2012 grew by 41%, to more than $37 billion. Over the past decade (2003-2012), U.S. exports to Hong Kong have surged 177%.
“As the global economic balance continues to shift to Asia, Hong Kong is the ideal business platform from which to access the myriad regional opportunities now available in the growing ASEAN area and the Chinese mainland,” said HKTDC chairman Jack So. “Our low taxes, free economy, rule of law, English-speaking environment and world-class business services make us the preferred partner for any overseas businesses wishing to tap these growing possibilities.”
There are approximately 1,400 U.S. firms in Hong Kong, concentrated in trading, banking and finance, and transport. As of October 2012, there were 869 U.S. companies with their regional headquarters or regional offices in Hong Kong, more than any other country.